12: Lender/Dealer of Last Resort

Lecture PDF

Lec 12-1: Citibank and the SIVs

FT article link

Lec 12-2: The Art of Central Banking

The Art of Central Banking (Hawtrey Book)

Forms of Fed Lending

Lec 12-3: Evolution of Monetary Policy: 1951-1987

Lec 12-4: The Taylor Rule: 1987-2007

Lec 12-5: Monetary Transmission Mechanism

Lec 12-6: Anatomy of a normal crisis

Lec 12-7: Anatomy of a serious crisis

Lec 12-8: Should the Fed intervene or not?

Lec 12-9: The Fed as Dealer of Last Resort: 2007-2009